Government in public interest moved NCLT to supersede Management of IL&FS on grounds of mismanagement

News and Press Release - Dated:- 1-10-2018 - Government in public interest moved NCLT to supersede Management of IL&FS on grounds of mismanagement NCLT allows appointment of a new Board & approves induction of Six directors The Central Govern .....

view to preventing further mismanagement and protecting public interest, the Ministry of Corporate Affairs moved the National Company Law Tribunal (NCLT), Mumbai, under Section 241(2) read with Section 242 of the Companies Act, 2013 with a prayer to .....